The Commissioner shall provide by rule or regulation procedures for the expeditious and efficient settlement of first-party property damage claims under personal private passenger motor vehicle policies. Such procedures may include, but shall not be limited to:
(1) Loss of use reimbursements;
(2) Cost of repairs;
(3) Determination of fair market value on total losses;
(4) Use of aftermarket parts;
(5) Time limitations for payments of claims for property damage by insureds; and
(6) Establishment of a panel for arbitration of disputed property damage claims where such claims involve total losses.
Section: Previous 33-34-1 33-34-2 33-34-3 33-34-3.1 33-34-4 33-34-5 33-34-5.1 33-34-6 33-34-7 33-34-8 33-34-9 NextLast modified: October 14, 2016